Ireland Bans Crypto From New State Investment Scheme

Ireland is launching a new state-backed savings and investment scheme next year to encourage residents to shift cash from bank accounts into capital markets, targeting $203B in deposits. The tax-advantaged accounts will permit shares, bonds, funds, ETFs, and insurance products. However, officials have explicitly excluded high-risk financial products from the program. This ban specifically applies to crypto assets and derivatives, ensuring these volatile instruments cannot be held within the state-supported investment framework.